Chainlink has marked 7 years since its launch at the end of May in 2019, celebrating with 7 new integrations. CryptoQuant says LINK reserves on exchanges have been dropping since 2024, even a
In 2017, Sergey Nazarov and two other colleagues published a new whitepaper showcasing how a decentralized oracle network could power the entire crypto industry.
On May 30, 2019, they launched Chainlink, and over the past seven years, it has become the world’s largest oracle network, delivering 20 billion on-chain messages and processing $30 trillion.
Celebrating the milestone, Chainlink stated that its goal at launch was to link everything, and with each new integration, it’s edging ever closer.
7 years. One goal.
LINK EVERYTHING. pic.twitter.com/Wu7R17Dd9x
— Chainlink (@chainlink) May 30, 2026
When it first launched, Chainlink only offered a single ETH/USD price feed, secured by just three decentralized nodes. Six months later, it added support for Aave on the Price Feeds, and a year later, global giants such as Google, Associated Press (AP), and Swisscom launched oracles.
It has been years of rapid growth since then, with new products introduced along the way that changed how blockchains source and process real-world data. The biggest leap was in 2023 when the network introduced the Cross-Chain Interoperability Protocol (CCIP) across Ethereum, Polygon, Avalanche and Optimism. Through CCIP, an application built on Ethereum can trigger an action on Solana, move tokens to Cardano, or interact with any of the 50+ major blockchains that Chainlink supports.
Chainlink celebrated its seventh anniversary by adding seven new integrations over the past week. The new integrations included Tenbin Labs, a DeFi platform backed by Galaxy Digital and connected to Ripple Prime. Others were Kraken’s Ink blockchain and Saturn, the bridge that now powers Michael Saylor’s $8.5 billion Bitcoin bet, as we reported.
Chainlink Adoption Update
Recently, there were 7 integrations of the Chainlink standard across 6 services and 4 different chains.
Users include @inkonchain, @instruxi, @Raacfi, @saturn_credit, SGX FX, @tenbinlabs, and @VayanaOfficial.
LINK everything. pic.twitter.com/ZAzguqqylm
— Chainlink (@chainlink) May 31, 2026
On the price charts, LINK has stalled in a tight range between $8.99 and $9.7 for the past two weeks. At press time, it trades at $9.10, dropping 1.4% over the past day.
According to a new report by CryptoQuant, the LINK exchange reserves have been dropping in a well-defined descending channel since the start of 2024. While there have been two big spikes outside this channel, they have been “bursts, not trends. The dominant behavior over time is coins leaving the platform,” CryptoQuant says.
The report reveals that with LINK, inflow bursts do not develop into accumulation phases. The deposited tokens are usually withdrawn a few days later into self-custody wallets.
The blockchain analytics company further revealed that of all the LINK coins on exchanges, Binance controls 66.4%, or 85.1 million LINK.
“That concentration means Binance effectively sets the venue-level supply tone for LINK, so extreme netflow days are Binance-specific imbalances, not market-wide behavior,” CryptoQuant noted.
Data courtesy of CryptoQuant. The post Chainlink Celebrates 7 Years as Exchange Reserves Drop appeared first on ETHNews.
